After displacement, wait for first meaningful pullback to establish new range with premium/discount zones.

Once we get that displacement above, we have to wait a lot of people immediately see a range break and that's when they want to participate in the trade. You missed it. We taught you how to get in down here. Once we see that displacement and that new expansion above the prior range high, we wait for the first meaningful pullback. Now we have our new range boundaries. We have our new range low. We have our new range high. We have our new. premium and discount areas denoted by the 50% and oftentimes the old range high can be used as a significant level of support or resistance. If we have a break up outside of an old range, displacement, we now have this new range.